54gene, the health technology company advancing African genomics research for improved global health outcomes, has secured $25M in a Series B funding round, led by Cathay AfricInvest Innovation Fund.
In 2012, the Word Health Organization reported that the major cause of death for children under the age of 5 was the lack of access to medicine. It also highlighted that less than 50% of Africa’s population have access to healthcare.
The report, funded by the Bill and Melinda Gates Foundation and titled, “Innovations in Health Product Distribution in Sub-Saharan Africa,” sets out a series of actionable recommendations for global health actors.